LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent conformal coating in electronics market report. The global conformal coating in electronics market is estimated to grow at a CAGR of 6%, during the forecast period.
Competitive vendor landscape
The major vendors in the global conformal coating in electronics market include Chase Corporation, Dow Corning, Henkel, Plasma Ruggedized Solutions, and VSI Parylene dominate the market. These players have a wide geographic presence with large production facilities located globally. There are also some small local and regional vendors in the market.
“The vendors compete based on innovation, price, operational cost, and product quality. Some of the players can drive down market prices because their operating costs are lower than that of their competitors,” says Ajay Anjukumar, a lead paints, coatings, and pigments research analyst from Technavio.
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Top five conformal coating vendors in electronics market
Chase Corporation is one of the leading manufacturers of protective materials. The company develops high-performance industrial coatings, tapes, adhesives, and sealants. Major application segments served by the company include wires and cables materials, electronic coatings, construction products, and specialty chemical intermediates.
The electronic coatings business unit of the company offers HumiSeal range of conformal coatings for thin-film (2 mil, 50 micron) protection. End-user industries served by the segment include aerospace, automotive, appliance control, consumer electronics, defense, and industrial controls.
Dow Corning offers silicon-based materials, including polycrystalline silicon, worldwide. The company provides more than 7,000 products and services through the Dow Corning and XIAMETER brands. The company's products cater to electronics, construction, automotive, textiles, and healthcare industries.
Dow Corning’s conformal coatings provide extended service life and enhanced reliability for PCB components and assemblies. The company's silicone conformal coatings are offered as moisture care solutions and heat-cure conformal coatings. These coatings protect the components against moisture, service environment, and harsh operating conditions, including a wide range of temperatures ranging from -49 °F to 392 °F.
Henkel operates in three business units — adhesive technologies, beauty care and laundry, and home care. It sells its products through supermarkets, large-scale mass merchandisers, hypermarkets, wholesalers, and online retailers.
The type of conformal coatings offered by the company include urethane acrylates, acrylics, urethanes, and silicones. The company's conformal coating is traded under the brand name Loctite 394R. Henkel provides conformal coating on printed circuit boards to protect them from harsh environments for durability and performance.
Plasma Ruggedized Solutions
Plasma Ruggedized Solutions provides coatings and related specialty engineering services. The company has expertise in proprietary plasma technologies, application of conformal coatings, potting and encapsulation, and epoxy compounds. The company maintains and has enhanced its green operations by providing products that have low VOCs and are environmentally friendly.
VSI Parylene provides parylene conformal coatings on electronic components using vapor deposition process. End-user industries served by the company include medical devices, semiconductor, microelectronics, military and aerospace, and automotive.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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